Commentary: Determining value of life insurance policies is complex Insurers have methods for calculating the value of life insurance policies, and financial advisers and trustees need some knowledge of those methods and the effect they can have on a policy’s value, write Daniel VanVleet and Leigh Harter. WealthManagement.com (U.S.) (12/22)…
Insurers want NAIC to rein in illustrations for indexed universal life Maximum crediting rates used in illustrations for indexed universal life insurance often are unrealistic and “potentially damage the reputation of the entire life insurance industry,” according to MetLife, Northwestern Mutual and New York Life. The insurers called for curtailing…
Advisers should be careful when using Twitter Joanna Belbey offers tips for financial advisers who want to establish a presence on Twitter while complying with regulations and their firm’s social media policy. Forbes (12/16)
Commentary: Advisers can take steps to maximize a firm’s value Too many advisers don’t have a clear understanding of how much their firm is worth, writes Bill Snyder of 1st Global. “In order to maximize the market value of wealth management practice, stakeholders should assess all areas of the business…
Retiring advisers are a big issue for clients As advisers age, more are retiring and handing their practices to the next generation. For some clients, “the change could come just when they need that person the most: to help them financially manage their own retirement,” writes Paul Sullivan. The New…
Survey: Many advisers say they’ve found new clients via social media A Putnam Investments survey of more than 700 financial institutions showed that two-thirds of advisers reported finding new clients through their social media use, up from about half who said the same last year. Those using social media said…
Expert: Insurers must play key role in helping boomers as they age Insurers need to play a key role in helping baby boomers with their future needs for long-term care, says Andrew Melnyk of the American Council of Life Insurers. Some insurers have curtailed their sales of stand-alone long-term-care products,…
NAIFA applauds House for passing TRIA NAIFA applauds the House for passing S. 2244, the Terrorism Risk Insurance Program Reauthorization Act. The bill contains the legislative text of NARAB II, which would establish a permanent National Association of Registered Agents and Brokers. “NARAB II is a top priority for NAIFA,…
How to get clients to embrace estate planning Plenty of great entrepreneurs do not seem to grasp the significance of sound estate planning. “Maybe it is time to reframe the objective into terms they understand. What if you told your client that a great estate plan is like a business…
Expert: Financial advisers need to stress LTCI to baby boomers Financial advisers need to stress the importance of long-term-care insurance to baby boomers, says Andrew Melnyk of the American Council of Life Insurers. InsuranceNewsNet online (12/9)
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
